Obviously going for the sensationalism re silkroad and drugs.. but does give some balancee.g

Quote

"Less than 1/2 of 1 percent of Bitcoin users have ever used the 'Silk Road' website," Boyd said via email. "The vast majority of Bitcoin vendors like myself pay our taxes and use Bitcoins to buy everyday, legal items."

But as the hoped-for rally has failed to materialize, more have gotten discouraged or bored and cash out, pushing the price down further.This process has been going on for a couple of months, and now it appears to be accelerating. I suspect it’s terminal.

This is Timothy B Lee enjoying his 'I told you so moment' after earlier writing about 'The Bitcoin Bubble'.That bitcoin is volatile and risky is hardly a surprise though when it currently has such a relatively small adoption rate.

None of the previous volatility or predictions one way or another leave us any wiser as to how bitcoin would behave if it it had a signifcant market share.*That* is what is interesting. All the fretting about volatility when the project is only 2 years old just seems like pissing in the wind.

It's I guess an interesting question whether early volatility might impede,stall,(or even promote via speculation) widespread adoption.. but without anything truly comparable to bitcoin in history - it's still anyone's guess where bitcoin will go.

I enjoyed the contrast between the slow Swedish collected thoughtful speech pattern and the American erratic mania. Falkvinge rambled at times but was typically on the mark. Just a few technical mistakes (such as the implication that one key=bitcoin unit and Max's insistence that Apache=FOSS/internet backbone). It might be worth collecting such well spoken easily received sound clips into a canonical form. But then again, why should we care that some people think bitcoin a drug laundering ponzi scheme. The masses will figure it out when bitcoin is ready for them and when the masses are ready for bitcoin. We shan't be too impatient.

I enjoyed the contrast between the slow Swedish collected thoughtful speech pattern and the American erratic mania. Falkvinge rambled at times but was typically on the mark. Just a few technical mistakes (such as the implication that one key=bitcoin unit and Max's insistence that Apache=FOSS/internet backbone). It might be worth collecting such well spoken easily received sound clips into a canonical form. But then again, why should we care that some people think bitcoin a drug laundering ponzi scheme. The masses will figure it out when bitcoin is ready for them and when the masses are ready for bitcoin. We shan't be too impatient.

Seattle tech startup entrepreneurs Mike Koss and Peter Vessenes joined us on the latest GeekWire radio show and podcast to talk about Bitcoin, the digital currency that has been getting lots of attention lately, good and bad.

Mike Koss is the one who was intending to lease Dr Nefario some office space payable in Bitcoin before the customs problem.